Shopify has allowed cryptocurrency payments
By Mark Lemon – Cryptocurrency Specialist
Cryptocurrency is becoming more and more popular every day, with many people and companies starting to embrace it, as found on CryptoGlobe. Cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE), Litecoin (LTC), Ethereum (ETH) and many others have been making slow but steady progress to reach where they are today. Bitcoin, the original cryptographic currency, has been around since 2008 but only started receiving major attention in the last few years and this blockchain network has still not been incorporated into most traditional systems and markets.
People are buying and selling cryptocurrency such as Bitcoin for various reasons, the most common reason is that people want to own a digital asset. At the same time, others buy cryptocurrency and buy Bitcoin because it makes online transactions easier and many users also like to gamble with them through crypto casinos.
Further to this, users are increasingly using cryptocurrencies to shop online. Shopify, for instance, has recently joined hands with CoinPayments, a crypto payments processor, making it easy to use cryptocurrency when making online purchases. With the new integration, Shopify can now process payments for more than 1,800 different types of cryptocurrencies. According to Shopify, this partnership should make transactions more accessible and easier for merchants as well as cheaper due to the reduced fees involved.
CoinPayments has now processed more than $5 billion worth of cryptocurrency payments since its inception. The company offers various shopping cart plugins, digital wallets, and APIs to its clients.
Jason Butcher, the CEO of CoinPayments, is also very proud of this new partnership. He said that this partnership would bring a considerable change in the payments industry, stating that the combination of an easy-to-use crypto payment platform with Shopify's wide merchant base will streamline the process for anyone who is looking to use cryptocurrencies for their business.
It is true that there are risks to Bitcoin investing, such as its value being exceedingly difficult to predict because of fluctuations. However, there are huge benefits that its users cannot resist which is why so many people Buy and Sell Bitcoin. If you’re looking to buy cryptocurrency, be sure to check out our site at BC Bitcoin.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards